David Callaghan
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Tesco moves to appoint new chair
Tesco has sounded out investors on potential successors to current chair Sir Richard Broadbent.
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Rates unlikely to rise in near future
It appears unlikely that interest rates will increase before next summer after the minutes of the Bank of England’s monetary policy committee reveal little appetite for a rise.
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MPs condemn Co-op bid for Lloyds branches
A move by the Co-operative Bank to buy 630 TSB branches from Lloyds Banking Group should have been stopped much earlier, according to a report by the House of Commons…
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HS2 budget under strain
Chairman of HS2, Sir David Higgins, is likely to rule out major changes to the high speed railway line’s route despite pressure on its £50bn budget.
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Prime London prices drop 20%
The price of homes in prime central London locations fell 20% over the last year, according to research by Strutt & Parker.
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InterContinental revenue up 7%
InterContinental Hotels Group saw revenue per available room rise 7% in the third quarter.
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McDonald’s hit by 30% income fall
McDonald’s recorded a 30% drop in third quarter net income to $1.07bn.
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Galliford Try chair steps down
Non-executive chairman of Galliford Try, Ian Coull, is to step down immediately due to other commitments.
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Pub chain boss takes over at Carpetright
Mitchells & Butlers pub chain chairman, Bob Ivell, is to take up the same role at Carpetright. He will become chairman of the retailer after the retirement of Lord Harris.…
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Tesco boosted by sales result
Crisis-hit Tesco is due to receive some good news with better sales performance than Sainsbury’s and Morrisons last month.
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Lloyds launches fund for housebuilders
Lloyds Banking Group is to announce a fund for small housebuilders in an attempt to help address the shortage of affordable homes.
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William Hill enjoys World Cup effect
Bookmaker William Hill saw an 89% increase in third quarter profits as the World Cup helped to boost betting activity.